$700 Billion Bank Bailout (2008)

WASHINGTON — Without the unprecedented stimulus actions by the federal government triggered by the 2008 financial crisis, the Great Recession might still be going on, according to a study by Fitch Ratings. Those incentives, however, came with a...

WASHINGTON (AP)— A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered. The bailout launched at the height of the financial...

Good Tuesday Morning, Fellow Seekers. Welcome to (yet) another rainy day here in the seat of government. Before we get into the usual mix of news, headlines, gossip and half-truths you've come to expect from us, we wanted to get......

General Motors is re-investing in the Fairifax Plant in Kansas City, Kan. The company plans to make $20 million worth of changes to the plant to help with their building of the Buick Lacrosse. They're adding E-assist technology which will help make the...

The battle for the Republican presidential nominee is heating up with two of Minnesota's top political leaders now going head-to-head to try to win Iowa's Straw Poll August 13th in Ames. Congresswoman Michele Bachmann spent the weekend campaigning, while...

Midway through the HBO docudrama "Too Big to Fail," the head of the Federal Reserve Bank of New York despairs that ordinary Americans "have no idea the whole thing is about to fall down." He's referring not to the stock market, which already was plunging...

Neil Barofsky, leaving his job as watchdog of the Treasury Department's $700-billion Troubled Asset Relief Program, is taking a few shots at Treasury Secretary Timothy F. Geithner on his way out the door. Barofsky, the special inspector general for the......

The Treasury Department has recovered 70% of the money distributed under the $700-billion bailout fund after American International Group paid back $6.9 billion of the money it owed. AIG made the repayment Tuesday after selling its holdings in MetLife...

Michele Bachmann of Tea Party Express says, 'Instead of a leaner, smarter government, we bought a bureaucracy that tells us which light bulbs to buy...

Neil M. Barofsky, the outspoken special inspector general who has been the top watchdog of the $700-billion financial bailout fund, submitted his resignation to President Obama on Monday. Barofsky often has been sharply critical of the way the Treasury...

Today's question: How do we avoid another disastrous housing bubble? Increased regulation, or trust the market to price risk better next time? Previously, Mitchell and Abromowitz discussed what Washington should do about Fannie Mae and Freddie Mac, John...

NEW YORK (AP) _ Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise...